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Analysts have made striking predictions about the ever-changing price movements of cryptocurrencies since the beginning of the year. Arbitrum (ARB) is having a good bull run. According to the sponsored content sender, the future of the new project is uncertain. The alleged increase of the Everlodge (ELDG) project is said to place it among the cryptocurrencies that can be tracked in 2024. In contrast, VeChain (VET)’s recent bearish move could push the token further into the bear market. This article sponsored post examines the potential for these tokens to generate returns in the first quarter of 2024.
Rising Potential for Everlodge (ELDG), Token Reaches All-Time High
With its future uncertain, Everlodge (ELDG) is experiencing renewed momentum as more investors buy the token ahead of potential price gains. The Everlodge project, which is currently in the 9th stage of pre-sale, is said to be a project that investors are examining.
Content poster new project Everlodge is said to aim to build an innovative real estate marketplace that makes purchasing and owning multi-million dollar real estate properties easy and affordable using blockchain technology. To achieve this, Everlodge will reportedly create fractionalized NFTs backed by real-world luxury assets. Investors who purchase these NFTs will allegedly own a time share of luxury properties around the world. This is a new project and its future is uncertain and the project carries risks.
According to its team, investors can reportedly use their NFTs as collateral for loans on the Everlodge platform. Similarly, Everlodge’s native token holders are said to be open to various privileges such as free nightly stays at Everlodge-owned hotels, potential for high returns in the future, and more. However, these are targets and if the project fails, the investment carries the risk of loss.
They can look into the project to purchase the ELDG token for $0.029, his team claims. Everlodge, which is said to have sold 20 million ELDG tokens, states that it is in the middle of the pre-sale phase. It is stated that there is a possibility of an increase of up to 280% in pre-sales, but it is not certain. Everlodge is called one of the trackable cryptocurrencies. It is the claim of the project team and its future is uncertain.
According to its team, the Everlodge project is said to be audited by independent audit firms such as Interfi Network and Block Audit. Token liquidity will allegedly be locked for 8 years to prevent a rug-pulling scenario and make the project a safe investment alternative. Overall, Everlodge’s potential is said to be a trackable project in 2024, surpassing tokens like Arbitrum and VeChain.
Bull Run for Arbitrum (ARB) Brings Token to the Verge of Reaching $2
Arbitrum (ARB) is aiming to reach the $2 mark with an impressive bullish run over the past few weeks. Last week alone, Arbitrum gained as much as 20% in price value to stay within touching distance of $2, according to data from CoinMarketCap. Arbitrum trading volume has also been impressive, increasing by more than 50% in the last few days.
Broadly speaking, Arbitrum started December at $1 but has since gained up to 90% in price value. If the current bull run continues, Arbitrum could surpass the $2 price mark by the end of the year. According to DigitalCoinPrice’s Arbitrum price prediction 2024, the token will trade at an average price of $3.87 by the end of the year. If the impressive bull run continues, this prediction may come true.
VeChain (VET) Latest Downward Spiral Is a Discouraging Phenomenon for Potential Investors
In the last week, VeChain (VET) has lost more than 11% of its price value. For context, VeChain price has been in a downward spiral, losing 12% since the beginning of the year.
However, VeChain trading volume maintained a steady increase of 70% on average on a daily basis. According to the sponsored content poster, unlike the successful trajectories of Everlodge and Arbitrum, VeChain has not been impressive in the last few days, but according to CoinMarketCap data, the coin has gained 30% in the last 30 days. This could possibly mean that a resurgence is likely in the coming weeks.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!